Exolum completed the acquisition of a 50% stake in Vopak Moda Houston from Moda Midstream.

Exolum, a liquid product storage and logistics company, completed the acquisition of a 50% stake in Vopak Moda Houston, an ammonia storage, import and export terminal, from Moda Midstream, a liquids terminaling and logistics company. Financial terms were not disclosed. "Exolum strives to become a key player in the development of supply chains for new sustainable energy products, such as ammonia and green methanol. This operation, our first in the US, will enable us to continue strengthening our position in strategic ports and to promote the energy transition and the decarbonisation of mobility at an international level," Jorge Lanza, Exolum CEO.